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Subject:  Re: Doubled GM position Date:  12/5/2006  8:20 PM
Author:  mishedlo Number:  5706 of 7023

Was it worth zero when it went from 18, to the current 29?


The proper way of looking at things is that something is worth whatever idiot is willing to pay for it. Thus if you are willing to pay $5M for a painting made by a monkey that is what it is worth.

There is of course a second way of looking at things and that is Liabilities vs assets.

On that basis GM and Ford were worth less than zero.


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